|
Report No. : |
333241 |
|
Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEETEL TELETECHSINGAPORE PRIVATE LIMITED |
|
|
|
|
Registered Office : |
150, Orchard Road, 08-01 Orchard Plaza, 238841 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
21.12.2011 |
|
|
|
|
Com. Reg. No.: |
201136049-H |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Wholesale of Telecommunications Equipment. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SINGAPORE - ECONOMIC OVERVIEW
Singapore has a highly developed and successful free-market economy.
It enjoys a remarkably open and corruption-free environment, stable prices, and
a per capita GDP higher than that of most developed countries. Unemployment is
very low. The economy depends heavily on exports, particularly of consumer
electronics, information technology products, medical and optical devices,
pharmaceuticals, and on its vibrant transportation, business, and financial
services sectors. The economy contracted 0.6% in 2009 as a result of the global
financial crisis, but has continued to grow since 2010 on the strength of
renewed exports. Growth in 2014 was slower at 2.9%, largely a result of soft
demand for exports amid a sluggish global economy and weak growth in
Singapore’s manufacturing sector. The government is attempting to restructure
Singapore’s economy by weaning its dependence on foreign labor, addressing weak
productivity, and increasing Singaporean wages. Singapore has attracted major
investments in pharmaceuticals and medical technology production and will
continue efforts to strengthen its position as Southeast Asia's leading
financial and high-tech hub. Singapore is a member of the 12-nation
Trans-Pacific Partnership free trade negotiations, the Regional Comprehensive
Economic Partnership negotiations with the nine other ASEAN members plus
Australia, China, India, Japan, South Korea and New Zealand, and in 2015,
Singapore will form, with the other ASEAN members, the ASEAN Economic
Community.
|
Source
: CIA |
|
REGISTRATION
NO. |
: |
201136049-H |
|
COMPANY
NAME |
: |
BEETEL
TELETECHSINGAPORE PRIVATE LIMITED |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
21/12/2011 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
PRIVATE
LIMITED |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
150,
ORCHARD ROAD, 08-01 ORCHARD PLAZA, 238841, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
150
ORCHARD ROAD #08-01. ORCHARD PLAZA, 238841, SINGAPORE. |
|
TEL.NO. |
: |
65-67377808 |
|
FAX.NO. |
: |
65-67384032 |
|
CONTACT
PERSON |
: |
ALOK
SHANKAR ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
WHOLESALE
OF TELECOMMUNICATIONS EQUIPMENT |
|
ISSUED
AND PAID UP CAPITAL |
: |
1.00
ORDINARY SHARE, OF A VALUE OF USD 1.00 |
|
SALES |
: |
USD
11,987,355 [2014] |
|
NET
WORTH |
: |
USD
562,708 [2014] |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
FAIR |
|
PAYMENT |
: |
AVERAGE |
|
MANAGEMENT
CAPABILITY |
: |
AVERAGE |
|
COMMERCIAL
RISK |
: |
LOW |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
SATISFACTORY |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
HISTORY
/ BACKGROUND
|
The Subject is a private limited company and
is allowed to have a minimum of one and a maximum of forty-nine shareholders. As
a private limited company, the Subject must have at least two directors. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, sue or be sued by other companies. The liabilities of the
shareholders are to the extent of the equity they have taken up and the
creditors cannot claim on shareholders' personal assets even if the Subject is
insolvent. The Subject is governed by the Companies Act and the company must
file its annual returns, together with its financial statements with the
Registrar of Companies.
The
Subject is principally engaged in the (as a / as an) wholesale of
telecommunications equipment.
Share
Capital History
|
Date |
Issue
& Paid Up Capital |
|
22/07/2015 |
USD
1.00 |
The
major shareholder(s) of the Subject are shown as follows :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
BEETEL
TELETECH LIMITED |
BEETEL
CORPORATE CENTER, PLOT 16 UDYOG VIHAR, PHASE-IV, GURGAON-122 015, HARYANA,
1ST FLOOR, INDIA. |
T11UF5073 |
1.00 |
100.00 |
|
--------------- |
------ |
|||
|
1.00 |
100.00 |
|||
|
============ |
===== |
+
Also Director
DIRECTORS
|
DIRECTOR
1
|
Name
Of Subject |
: |
ALOK
SHANKAR |
|
Address |
: |
C1-400A,
PALAM VIHAR, GURGAON, HARYANA, INDIA-122017, INDIA. |
|
IC
/ PP No |
: |
Z-2949041 |
|
Nationality |
: |
INDIAN |
|
Date
of Appointment |
: |
01/10/2014 |
DIRECTOR
2
|
Name
Of Subject |
: |
DHARSHAN
NANAYAKKARA |
|
Address |
: |
40,
EGLINTON STREET, KEW, VICTORIA 3101, AUSTRALIA. |
|
IC
/ PP No |
: |
M7306873 |
|
Nationality |
: |
AUSTRALIAN |
|
Date
of Appointment |
: |
01/10/2014 |
DIRECTOR
3
|
Name
Of Subject |
: |
CINDY
KOH MAY EE @ XU MEIYI |
|
Address |
: |
232,
WESTWOOD AVENUE, 07-31, THE FLORAVALE, 648360, SINGAPORE. |
|
IC
/ PP No |
: |
S7710011C |
|
Nationality |
: |
SINGAPOREAN |
|
Date
of Appointment |
: |
01/10/2014 |
|
1)
|
Name
of Subject |
: |
ALOK
SHANKAR |
|
Position |
: |
DIRECTOR |
AUDITOR
|
|
Auditor |
: |
CA
TRUST PAC |
|
Auditor'
Address |
: |
N/A |
COMPANY
SECRETARIES
|
|
1)
|
Company
Secretary |
: |
VINCENT
LIM PUAY CHONG |
|
IC
/ PP No |
: |
S6921715Z |
|
|
Address |
: |
43,
MIMOSA ROAD, 10-49, MIMOSA PARK, 808005, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE
(S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION
CHECK AGAINST SUBJECT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT
RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
YES |
|
Overseas |
: |
YES |
The Subject refused to provide any name of trade/service supplier and we are
unable to conduct any trade enquiry. However, from financial historical data we
conclude that :
|
OVERALL
PAYMENT HABIT |
||||||||||||||
|
Prompt
0-30 Days |
[ |
] |
Good
31-60 Days |
[ |
] |
Average
61-90 Days |
[ |
X |
] |
|||||
|
Fair
91-120 Days |
[ |
] |
Poor
>120 Days |
[ |
] |
|||||||||
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
ASIA |
|||
|
Credit
Term |
: |
N/A |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
TELECOMMUNICATIONS
EQUIPMENT |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) wholesale of
telecommunications equipment.
The staff from the registered office refused to disclose the Subject's
operation.
CURRENT
INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
N/A |
|
Current
Telephone Number |
: |
65-67377808 |
|
Match |
: |
N/A |
|
Address
Provided by Client |
: |
150
ORCHARD ROAD 08-01 ORCHARD PLAZA,238841,SINGAPORE |
|
Current
Address |
: |
150
ORCHARD ROAD #08-01. ORCHARD PLAZA, 238841, SINGAPORE. |
|
Match |
: |
YES |
Other
Investigations
We contacted one of the staff from the Subject's registered office and she only
provided limited information.
She refused to disclose the Subject's number of employees.
FINANCIAL
ANALYSIS
|
|
Profitability |
||||||
|
Turnover |
: |
Erratic |
[ |
2012
- 2014 |
] |
|
|
Profit/(Loss)
Before Tax |
: |
Decreased |
[ |
2012
- 2014 |
] |
|
|
Return
on Shareholder Funds |
: |
Acceptable |
[ |
25.45% |
] |
|
|
Return
on Net Assets |
: |
Favourable |
[ |
40.40% |
] |
|
|
The
fluctuating turnover reflects the fierce competition among the existing and
new market players.The Subject's profit fell sharply because of the high
operating costs incurred. The Subject's management had generated acceptable
return for its shareholders using its assets. |
||||||
|
Working
Capital Control |
||||||
|
Stock
Ratio |
: |
Favourable |
[ |
9
Days |
] |
|
|
Debtor
Ratio |
: |
Favourable |
[ |
52
Days |
] |
|
|
Creditors
Ratio |
: |
Favourable |
[ |
40
Days |
] |
|
|
The
Subject's stocks were moving fast thus reducing its holding cost. This had
reduced funds being tied up in stocks. The favourable debtors' days could be
due to the good credit control measures implemented by the Subject. The
Subject had a favourable creditors' ratio where the Subject could be taking
advantage of the cash discounts and also wanting to maintain goodwill with
its creditors. |
||||||
|
Liquidity |
||||||
|
Liquid
Ratio |
: |
Favourable |
[ |
1.17
Times |
] |
|
|
Current
Ratio |
: |
Unfavourable |
[ |
1.35
Times |
] |
|
|
A
minimum liquid ratio of 1 should be maintained by the Subject in order to
assure its creditors of its ability to meet short term obligations and the Subject
was in a good liquidity position. Thus, we believe the Subject is able to
meet all its short term obligations as and when they fall due. |
||||||
|
Solvency |
||||||
|
Interest
Cover |
: |
Acceptable |
[ |
3.75
Times |
] |
|
|
Gearing
Ratio |
: |
Favourable |
[ |
0.18
Times |
] |
|
|
The
Subject's interest cover was slightly low. If there is no sharp fall in its
profit or sudden increase in the interest rates, we believe the Subject is able
to generate sufficient income to service its interest and repay the loans.
The Subject was lowly geared thus it had a low financial risk. The Subject
was mainly financed by its shareholders' funds and internally generated
funds. In times of economic slowdown / downturn, the Subject being a lowly
geared company, will be able to compete better than those companies which are
highly geared in the same industry. |
||||||
|
Overall
Assessment : |
||||||
|
The
Subject recorded lower profits as its turnover showed a erratic trend. The
Subject's management was unable to control its costs efficiently as its
profit showed a downward trend. The Subject was in good liquidity position
with its total current liabilities well covered by its total current assets.
With its current net assets, the Subject should be able to repay its short
term obligations. The Subject had an acceptable interest cover. If there is
no sudden sharp increase in interest rate or fall in the Subject's profit, we
do believe the Subject is able to generate sufficient cash flow to service
its interest payment. The Subject as a lowly geared company, will be more
secured compared to those highly geared companies. It has the ability to meet
all its long term obligations. |
||||||
|
Overall
financial condition of the Subject : FAIR |
||||||
|
Major
Economic Indicators : |
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
|||||
|
Population
(Million) |
4.98 |
5.08 |
5.18 |
5.31 |
5.40 |
|
Gross
Domestic Products ( % ) |
(0.8) |
14.5 |
4.9 |
1.3 |
3.7 |
|
Consumer
Price Index |
0.6 |
2.8 |
5.2 |
4.6 |
2.4 |
|
Total
Imports (Million) |
356,299.3 |
423,221.8 |
459,655.1 |
474,554.0 |
466,762.0 |
|
Total
Exports (Million) |
391,118.1 |
478,840.7 |
514,741.2 |
510,329.0 |
513,391.0 |
|
|
|||||
|
Unemployment
Rate (%) |
3.2 |
2.2 |
2.1 |
2.0 |
1.9 |
|
Tourist
Arrival (Million) |
9.68 |
11.64 |
13.17 |
14.49 |
15.46 |
|
Hotel
Occupancy Rate (%) |
75.8 |
85.6 |
86.5 |
86.4 |
86.3 |
|
Cellular
Phone Subscriber (Million) |
1.37 |
1.43 |
1.50 |
1.52 |
1.97 |
|
|
|||||
|
Registration
of New Companies (No.) |
26,414 |
29,798 |
32,317 |
31,892 |
37,288 |
|
Registration
of New Companies (%) |
4.3 |
12.8 |
8.5 |
(1.3) |
9.8 |
|
Liquidation
of Companies (No.) |
22,393 |
15,126 |
19,005 |
17,218 |
17,369 |
|
Liquidation
of Companies (%) |
113.4 |
(32.5) |
25.6 |
9.4 |
(5.3) |
|
|
|||||
|
Registration
of New Businesses (No.) |
26,876 |
23,978 |
23,494 |
24,788 |
22,893 |
|
Registration
of New Businesses (%) |
8.15 |
(10.78) |
2.02 |
5.51 |
1.70 |
|
Liquidation
of Businesses (No.) |
23,552 |
24,211 |
23,005 |
22,489 |
22,598 |
|
Liquidation
of Businesses (%) |
11.4 |
2.8 |
(5) |
(2.2) |
0.5 |
|
|
|||||
|
Bankruptcy
Orders (No.) |
2,058 |
1,537 |
1,527 |
1,748 |
1,992 |
|
Bankruptcy
Orders (%) |
(11.5) |
(25.3) |
(0.7) |
14.5 |
14.0 |
|
Bankruptcy
Discharges (No.) |
3,056 |
2,252 |
1,391 |
1,881 |
2,584 |
|
Bankruptcy
Discharges (%) |
103.7 |
(26.3) |
(38.2) |
35.2 |
37.4 |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
3.25 |
(0.48) |
4.25 |
3.64 |
- |
|
Fish
Supply & Wholesale |
(1.93) |
(10.5) |
12.10 |
(0.5) |
- |
|
|
|||||
|
Manufacturing
* |
71.5 |
92.8 |
100.0 |
100.3 |
102.0 |
|
Food,
Beverages & Tobacco |
90.4 |
96.4 |
100.0 |
103.5 |
103.5 |
|
Textiles |
145.9 |
122.1 |
100.0 |
104.0 |
87.1 |
|
Wearing
Apparel |
211.0 |
123.3 |
100.0 |
92.1 |
77.8 |
|
Leather
Products & Footwear |
79.5 |
81.8 |
100.0 |
98.6 |
109.8 |
|
Wood
& Wood Products |
101.4 |
104.0 |
100.0 |
95.5 |
107.4 |
|
Paper
& Paper Products |
95.4 |
106.1 |
100.0 |
97.4 |
103.2 |
|
Printing
& Media |
100.9 |
103.5 |
100.0 |
93.0 |
86.1 |
|
Crude
Oil Refineries |
96.4 |
95.6 |
100.0 |
99.4 |
93.5 |
|
Chemical
& Chemical Products |
80.3 |
97.6 |
100.0 |
100.5 |
104.1 |
|
Pharmaceutical
Products |
49.1 |
75.3 |
100.0 |
109.7 |
107.2 |
|
Rubber
& Plastic Products |
101.2 |
112.3 |
100.0 |
96.5 |
92.9 |
|
Non-metallic
Mineral |
91.9 |
92.5 |
100.0 |
98.2 |
97.6 |
|
Basic
Metals |
92.6 |
102.2 |
100.0 |
90.6 |
76.5 |
|
Fabricated
Metal Products |
90.8 |
103.6 |
100.0 |
104.3 |
105.1 |
|
Machinery
& Equipment |
57.3 |
78.5 |
100.0 |
112.9 |
114.5 |
|
Electrical
Machinery |
86.8 |
124.1 |
100.0 |
99.3 |
108.5 |
|
Electronic
Components |
85.2 |
113.6 |
100.0 |
90.6 |
94.3 |
|
Transport
Equipment |
96.0 |
94.0 |
100.0 |
106.3 |
107.5 |
|
|
|||||
|
Construction |
(36.9) |
14.20 |
20.50 |
28.70 |
- |
|
Real
Estate |
1.4 |
21.3 |
25.4 |
31.9 |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
1.70 |
4.00 |
7.00 |
6.30 |
- |
|
Transport,
Storage & Communication |
3.90 |
12.80 |
7.40 |
5.30 |
- |
|
Finance
& Insurance |
(16.4) |
(0.4) |
8.90 |
0.50 |
- |
|
Government
Services |
4.50 |
9.70 |
6.90 |
6.00 |
- |
|
Education
Services |
0.10 |
(0.9) |
(1.4) |
0.30 |
- |
|
|
|||||
|
*
Based on Index of Industrial Production (2011 = 100) |
INDUSTRY
ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale and retail trade sectors have expanded by 2.0% in the third quarter
of 2014, extending the 1.8 per cent growth in the previous quarter. In 2013,
the wholesale and retail sector expanded by 5.0%, after declining by 1.4% the
year before. Growth of the sector was driven by the wholesale trade segment. |
|
|
The
domestic wholesale trade index has increased by 3.2% in the fourth quarter of
2013, moderating from the 6.6% growth in the previous quarter. The slower
growth was due to a decline in the sales of furniture and household equipment
(-12%) and petroleum and petroleum products (-0.6%). For the full year, the
domestic wholesale trade index grew by 5.2% reversing the 2.2% decline in
2012. On the other hand, the foreign wholesale trade index has increased by a
slower pace of 5.6% in the fourth quarter, compared to the 7.7% expansion in
the preceding quarter. The slowdown was due to a fall in the sales of
telecommunication equipment and computer (-3.8%) and petroleum and petroleum
products (-2.5%). For the full year, the growth of the foreign wholesale
trade index moderated slightly to 8.6% from 9.1% in the previous year. |
|
|
In
the fourth quarter of 2013, retail sales volume fell by 6.2%, extending the
5.6% decline in the previous quarter. Excluding motor vehicles, retail sales
volume increased by 0.4%, a slower pace of expansion as compared to the 1.6%
gain in the preceding quarter. The sales volume of motor vehicles fell by 33%
in the fourth quarter of 2013, extending the 32% decline in the previous
quarter. Meanwhile, the sales of several discretionary items also fell in the
fourth quarter of 2013. For instance, the sales of telecommunications
apparatus and computers fell by 12%, while the sales of furniture and
household equipment declined by 5.4%. |
|
|
For
the full year, retail sales volume contracted by 4.3%, a reversal from the
1.3% expansion in 2012. Excluding motor vehicle sales, the retail sales
volume grew by 1.1% in 2013, slower than the 1.7% increase in 2012. Watches and
jewellery recorded the largest increase (11%) in sales in 2013, followed by
optical goods and book (3%) and medical goods and toiletries (3%). By
contrast, the sales of telecommunications apparatus and computer (-7.3%),
furniture and household equipment (-4.2%) and petrol service stations (-1.4)
declined in 2013. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT
RISK EVALUATION & RECOMMENDATION
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT
|
|
THE
FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH SINGAPORE FINANCIAL
REPORTING STANDARDS. |
|
BEETEL
TELETECHSINGAPORE PRIVATE LIMITED |
|
Financial
Year End |
2014-03-31 |
2013-03-31 |
2012-03-31 |
|
Months |
12 |
12 |
12 |
|
Consolidated
Account |
Company |
Company |
Company |
|
Audited
Account |
YES |
YES |
YES |
|
Unqualified
Auditor's Report (Clean Opinion) |
YES |
YES |
YES |
|
Financial
Type |
FULL |
FULL |
SUMMARY |
|
Currency |
USD |
USD |
SGD |
|
TURNOVER |
11,987,355 |
15,465,850 |
7,689 |
|
---------------- |
---------------- |
---------------- |
|
|
Total
Turnover |
11,987,355 |
15,465,850 |
7,689 |
|
Costs
of Goods Sold |
(11,171,989) |
(14,465,035) |
- |
|
---------------- |
---------------- |
---------------- |
|
|
Gross
Profit |
815,366 |
1,000,815 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
FROM OPERATIONS |
166,700 |
493,653 |
(13,991) |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
BEFORE TAXATION |
166,700 |
493,653 |
(13,991) |
|
Taxation |
(23,483) |
(63,107) |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT/(LOSS)
AFTER TAXATION |
143,217 |
430,546 |
(13,991) |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) BROUGHT FORWARD |
|||
|
As
previously reported |
419,490 |
(11,056) |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
As
restated |
419,490 |
(11,056) |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
PROFIT
AVAILABLE FOR APPROPRIATIONS |
562,707 |
419,490 |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
RETAINED
PROFIT/(LOSS) CARRIED FORWARD |
562,707 |
419,490 |
0 |
|
============= |
============= |
============= |
|
|
INTEREST
EXPENSE (as per notes to P&L) |
|||
|
Others |
60,624 |
18,230 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
60,624 |
18,230 |
- |
|
|
============= |
============= |
- |
|
|
BEETEL
TELETECHSINGAPORE PRIVATE LIMITED |
|
ASSETS
EMPLOYED: |
|||
|
FIXED
ASSETS |
- |
0 |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
LONG TERM ASSETS |
- |
- |
0 |
|
Stocks |
284,952 |
2,870,519 |
- |
|
Trade
debtors |
1,716,217 |
3,932,830 |
- |
|
Other
debtors, deposits & prepayments |
112,842 |
1,276 |
- |
|
Cash
& bank balances |
79,025 |
446,415 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT ASSETS |
2,193,036 |
7,251,040 |
14,699 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
ASSET |
2,193,036 |
7,251,040 |
14,699 |
|
============= |
============= |
============= |
|
|
CURRENT
LIABILITIES |
|||
|
Trade
creditors |
1,215,038 |
3,963,228 |
- |
|
Other
creditors & accruals |
241,051 |
169,521 |
- |
|
Bank
overdraft |
101,600 |
1,747,978 |
- |
|
Short
term borrowings/Term loans |
- |
900,000 |
- |
|
Amounts
owing to holding company |
49,156 |
- |
- |
|
Provision
for taxation |
23,483 |
50,822 |
- |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
CURRENT LIABILITIES |
1,630,328 |
6,831,549 |
28,689 |
|
---------------- |
---------------- |
---------------- |
|
|
NET
CURRENT ASSETS/(LIABILITIES) |
562,708 |
419,491 |
(13,990) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
NET ASSETS |
562,708 |
419,491 |
(13,990) |
|
============= |
============= |
============= |
|
|
SHARE
CAPITAL |
|||
|
Ordinary
share capital |
1 |
1 |
1 |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
SHARE CAPITAL |
1 |
1 |
1 |
|
Retained
profit/(loss) carried forward |
562,707 |
419,490 |
0 |
|
Others |
- |
- |
(13,991) |
|
---------------- |
---------------- |
---------------- |
|
|
TOTAL
RESERVES |
562,707 |
419,490 |
(13,991) |
|
---------------- |
---------------- |
---------------- |
|
|
SHAREHOLDERS'
FUNDS/EQUITY |
562,708 |
419,491 |
(13,990) |
|
TOTAL
LONG TERM LIABILITIES |
- |
- |
0 |
|
---------------- |
---------------- |
---------------- |
|
|
562,708 |
419,491 |
(13,990) |
|
|
============= |
============= |
============= |
|
|
BEETEL
TELETECHSINGAPORE PRIVATE LIMITED |
|
TYPES
OF FUNDS |
|||
|
Cash |
79,025 |
446,415 |
- |
|
Net
Liquid Funds |
(22,575) |
(1,301,563) |
- |
|
Net
Liquid Assets |
277,756 |
(2,451,028) |
(13,990) |
|
Net
Current Assets/(Liabilities) |
562,708 |
419,491 |
(13,990) |
|
Net
Tangible Assets |
562,708 |
419,491 |
(13,990) |
|
Net
Monetary Assets |
277,756 |
(2,451,028) |
(13,990) |
|
PROFIT
& LOSS ITEMS |
|||
|
Earnings
Before Interest & Tax (EBIT) |
0 |
511,883 |
- |
|
Earnings
Before Interest, Taxes, Depreciation And Amortization (EBITDA) |
227,324 |
511,883 |
- |
|
BALANCE
SHEET ITEMS |
|||
|
Total
Borrowings |
101,600 |
2,647,978 |
- |
|
Total
Liabilities |
1,630,328 |
6,831,549 |
28,689 |
|
Total
Assets |
2,193,036 |
7,251,040 |
14,699 |
|
Net
Assets |
562,708 |
419,491 |
(13,990) |
|
Net
Assets Backing |
562,708 |
419,491 |
(13,990) |
|
Shareholders'
Funds |
562,708 |
419,491 |
(13,990) |
|
Total
Share Capital |
1 |
1 |
1 |
|
Total
Reserves |
562,707 |
419,490 |
(13,991) |
|
LIQUIDITY
(Times) |
|||
|
Cash
Ratio |
0.05 |
0.07 |
- |
|
Liquid
Ratio |
1.17 |
0.64 |
- |
|
Current
Ratio |
1.35 |
1.06 |
0.51 |
|
WORKING
CAPITAL CONTROL (Days) |
|||
|
Stock
Ratio |
9 |
68 |
- |
|
Debtors
Ratio |
52 |
93 |
- |
|
Creditors
Ratio |
40 |
100 |
- |
|
SOLVENCY
RATIOS (Times) |
|||
|
Gearing
Ratio |
0.18 |
6.31 |
- |
|
Liabilities
Ratio |
2.90 |
16.29 |
(2.05) |
|
Times
Interest Earned Ratio |
3.75 |
28.08 |
- |
|
Assets
Backing Ratio |
562,708.00 |
419,491.00 |
(13,990.11) |
|
PERFORMANCE
RATIO (%) |
|||
|
Operating
Profit Margin |
1.39 |
3.19 |
(181.96) |
|
Net
Profit Margin |
1.19 |
2.78 |
(181.96) |
|
Return
On Net Assets |
40.40 |
122.02 |
100.01 |
|
Return
On Capital Employed |
34.22 |
23.62 |
100.01 |
|
Return
On Shareholders' Funds/Equity |
25.45 |
102.64 |
100.01 |
|
Dividend
Pay Out Ratio (Times) |
0 |
0 |
- |
|
NOTES
TO ACCOUNTS |
|||
|
Contingent
Liabilities |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.